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| quote: the world is losing confidence in the US EVER being able to live within its means (tax sufficiently to cover expenses such as Iraq) and politically we chose to borrow rather than pay as we go.
................so that is why we should add SChip and even Hillary Care to drag down our economy another 20 to 25%....................drag our economy down with AlGore's pet project, and a historic tax increase (C.Rangel)
at present 45% of our total USA Fed budget goes out the door for Social Programs........welfare, Soc. Sec. etc etc etc.............
Its a Spending problem...............not a Taxation Problem...............
http://www.usatoday.com/news/washington/2007-02-12-federal-deficit_...
Updated 2/12/2007 5:34 PM ET E-mail | Save | Print |
WASHINGTON (AP) — The deficit for the first four months of the current budget year is down sharply from the same period a year ago as the government continues to benefit from record levels of tax collections.
The Treasury Department reported Monday that the deficit for the budget year that began Oct. 1 totals $42.2 billion, down 57.2% from the same period a year ago.
http://www.heritage.org/Research/Taxes/wm1697.cfm
The economic effects of combining H.R. 3970 with a repeal of the Bush tax cuts would likely include the following:
The output of the economy as measured by the gross domestic product (GDP), after subtracting inflation, would fall by an average of $60 billion per year;
More than one million jobs would be lost in 2013, and an average of 600,000 would be lost annually over the next 10 years (most of which would be after 2011);
Disposable income of households (after inflation is subtracted) would fall short of potential by nearly $200 billion per year; and
Household savings would shrink, investment would decline, and the general pace of economic life would subside.
If you want to see the Stock Market recede, just keep talking about C.Rangels massive tax bill...................Just as the org. poster wants to "position" himself ahead of time on a land sale......................dont think for a minute the players in the stock market want to "position" themselves for a Historic Tax increase and its effects on the economy.....................
I fully agree we cannot have our lunch and eat it also................but taxation will not get it done......................STOP the Spending.....
If you want something to go away..........tax it
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Paging a stock market expert
